Time Warner’s (TWX) “Buy” Rating Reaffirmed at Brean Capital
TWX has been the topic of a number of other research reports. Albert Fried & Company reissued a buy rating and set a $90.00 price objective on shares of Time Warner in a report on Wednesday, August 3rd. Royal Bank Of Canada increased their price objective on Time Warner from $92.00 to $95.00 and gave the company an outperform rating in a report on Thursday, August 4th. Goldman Sachs Group Inc. reissued a buy rating and set a $89.00 price objective (up previously from $87.00) on shares of Time Warner in a report on Thursday, August 4th. Wedbush reissued an outperform rating and set a $90.00 price objective (up previously from $88.00) on shares of Time Warner in a report on Thursday, August 4th. Finally, Wunderlich lowered their price objective on Time Warner from $106.00 to $95.00 and set a buy rating on the stock in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $95.04.
Shares of Time Warner (NYSE:TWX) opened at 92.91 on Tuesday. The company’s 50 day moving average price is $86.51 and its 200 day moving average price is $79.10. Time Warner has a 52-week low of $55.53 and a 52-week high of $94.44. The firm has a market capitalization of $71.65 billion, a price-to-earnings ratio of 16.53 and a beta of 1.08.
Time Warner (NYSE:TWX) last posted its quarterly earnings results on Wednesday, November 2nd. The media conglomerate reported $1.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.46. Time Warner had a return on equity of 18.95% and a net margin of 15.75%. The company earned $7.20 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same period last year, the business earned $1.25 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. Analysts forecast that Time Warner will post $5.78 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be issued a $0.4025 dividend. The ex-dividend date of this dividend is Monday, November 28th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.73%. Time Warner’s dividend payout ratio (DPR) is 28.60%.
In other news, EVP Paul T. Cappuccio sold 56,595 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $78.24, for a total value of $4,427,992.80. Following the sale, the executive vice president now directly owns 157,877 shares in the company, valued at $12,352,296.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.16% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of TWX. Investment Centers of America Inc. raised its stake in Time Warner by 0.3% in the second quarter. Investment Centers of America Inc. now owns 3,093 shares of the media conglomerate’s stock valued at $227,000 after buying an additional 9 shares during the last quarter. Bremer Trust National Association raised its stake in Time Warner by 0.3% in the third quarter. Bremer Trust National Association now owns 3,795 shares of the media conglomerate’s stock valued at $302,000 after buying an additional 10 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Time Warner by 0.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,978 shares of the media conglomerate’s stock valued at $513,000 after buying an additional 22 shares during the last quarter. Alpha Windward LLC raised its stake in Time Warner by 0.9% in the third quarter. Alpha Windward LLC now owns 2,614 shares of the media conglomerate’s stock valued at $208,000 after buying an additional 23 shares during the last quarter. Finally, SignalPoint Asset Management LLC raised its stake in Time Warner by 0.3% in the third quarter. SignalPoint Asset Management LLC now owns 7,228 shares of the media conglomerate’s stock valued at $575,000 after buying an additional 24 shares during the last quarter. Institutional investors own 80.32% of the company’s stock.
Time Warner Company Profile
Time Warner Inc is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of domestic premium pay television and streaming services, and international premium pay, basic tier television services and streaming services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution.
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